Estee Lauder Companies Inc (NYSE:EL) stock climbed
7.93% to $59.31 after the company’s fourth quarter profit increased 25% from
last year, reflecting improved margins and sales growth across its product
categories and geographic regions.
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The company posted fourth quarter net earnings of
$51.2 million or $0.13 per share, as compared to $41.1 million or $0.10 per
share in the prior-year quarter. Adjusted net earnings rose about 40% to $69.2
million or $0.17 per share from $49.7 million or $0.12 per share in the
year-ago quarter. Net sales for the quarter increased 9% to $2.25 billion from
$2.06 billion in the same quarter last year. Analysts expected the company to
report earnings of $0.16 per share on revenue estimate of $2.21 billion.
Nationstar Mortgage Holdings Inc (NYSE:NSM) stock
gained 5.06% to $26.60 after the company reported second quarter 2012 net
income of $36.3 million, or $0.41 per share, as compared to $1.7 million or
$0.02 per share in the second quarter of 2011. Pro-forma earnings for the
latest-quarter were $0.44 per share. Total revenues for the quarter rose to
$200.05 million from $82.20 million in the same quarter last year.
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Sorl Auto Parts, Inc. (NASDAQ:SORL) stock fell 3.86%
to $1.99 after the company reported a second quarter profit of $3 million, or
$0.16 a share, as compared with earnings of $5 million, or $0.26 a share, in
the same quarter a year earlier. Sales fell 15% to $52.1 million. Analysts had
most recently forecast earnings of $0.18 a share on revenue of $52.9 million.
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Molycorp, Inc. (NYSE:MCP) shares fell 1.97% to
$11.99 in the early hour after Standard & Poor's lowered its ratings on
Molycorp two notches further into junk territory and placed its ratings on
watch with developing implications.
S&P downgraded the company's rating to
triple-C-plus, seven levels into junk territory, from B. To resolve the
company's CreditWatch listing, S&P will monitor the company's funding
requirements, actions taken to improve liquidity and spending related to the
completion of the Mountain Pass mining operation.
Michael Kors Holdings Ltd (NYSE:KORS) shares jumped
15.11% to $48.73 in the morning hour after the company reported a first quarter
profit of $68.6 million, or $0.34 a share, as compared with $24.1 million, or
$0.13 a share, in the same quarter a year earlier. Revenue jumped 71% to $414.9
million. The company had previously predicted earnings of $0.18 to $0.20 a
share on revenue of $360 million to $370 million.
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